Today the signs of “heavy” trading picked up again. At one point the NYSE was trading at over a 5:1 down ratio in decliners vs. advancers even though the price drop seemed “tame” compared to what has been happening. The SPX closed under 3700.
Perhaps a backtest of the upper channel line occurs tomorrow maybe a gap down. Who knows, they have been pushing futures every which way of late to get the extreme openings.
The thin blue box is the “virgin” space of the 5-wave structure from (2) to 1. This is the Minor 2 minimal target range and it’s at the 38.2% retrace Fib which would be an acceptable wave 2 level.
If prices bust downward we have last support at about 3578 SPX.
GLOBAL WAR COMMENTARY
I am predicting that after this week’s Chinese Communist Party meeting, Babylon USA will go back to provoking Xi with high-level visits to Taiwan again.
Perhaps even V.P. Kamala Harris will surprise visit within 2 weeks. That’ll really rile ’em up. We had #3 in the Presidential line visit, why not #2?
Again, the best weather window for attacking across strait is October/November in my estimation.
If China does a full-on invasion and Taiwan fights back, the USA will find themselves shooting down Chinese jets before Thanksgiving. And then the global war goes “hot”. Just remember, the globalists trying to bring about the New World Order want and need these wars. Global financial collapse is coming. Satan is in charge of it all.